Tuesday, 8 September, 2026
Shenzhen Longsys Bags $903 Million to Strengthen AI Data Centre Technology
By TechShots Studio
Shenzhen Longsys Electronics has raised $903 million through a Hong Kong share sale to strengthen its position in the AI-driven data storage market. The company plans to invest most of the proceeds in chip design and advanced memory R&D as demand for high-speed storage grows with AI data centres and smart devices. Longsys reported strong revenue and profit growth amid rising memory prices.
Read full story at CIO ET